420, 5115 Richard Road SW

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.

rent

$1,560/mo

after all costs

−$360/mo

cap rate

3.4%

yearly net rent ÷ price

Costs: mortgage $1,041 · tax $142 · strata $578 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 1-bedroom in Calgary: CMHC's average there ($1,581) lowered by what new tenants pay against everyone in the Calgary area. (CMHC Rental Market Survey, October 2025; CMHC Rental Market Report 2025, table 6.0 (rents on units that turned over to a new tenant).) Houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.

Alberta has no cap on how much rent can rise, but only one increase a year, with three months' written notice for a monthly tenancy. alberta.ca

Nearest public (CBE) and Catholic schools, by distance

• Elementary · CBE CBe-learn1.1 km
• Elementary · Catholic St. James Elementary Junior High School1.3 km
• Secondary · Catholic Bishop Carroll High School867 m

The nearest school isn't always the designated one, and Calgary's boards don't publish their boundaries as open data. Check this address with the CBE school finder or Calgary Catholic's. School locations: City of Calgary open data.